State Bank of India Reports Q2 FY26 Results with Net Profit of ₹20,169 Crore

State Bank of India (SBI), India's largest public sector bank, has announced its quarterly results for the period ended September 30, 2025, demonstrating strong financial performance.

Key Highlights

Net profit reached ₹20,169.00 crore
Total income stood at ₹1,34,971.00 crore
Operating profit before provisions was ₹27,310.00 crore
Completed a Qualified Institutional Placement raising ₹25,000.00 crore

Financial Performance

SBI reported a net profit of ₹20,169.00 crore for the quarter. The bank's total income for the period was ₹1,34,971.00 crore, while total expenditure amounted to ₹1,07,661.00 crore. Operating profit before provisions stood at ₹27,310.00 crore.

Provisions and Asset Quality

The bank made provisions of ₹4,024.00 crore during the quarter. The Provision Coverage Ratio stood at 75.79% as of September 30, 2025.

Strategic Initiatives

SBI successfully completed a Qualified Institutional Placement, raising ₹25,000.00 crore through the allotment of equity shares at ₹817.00 per share.

The bank divested its 13.18% stake in Yes Bank Limited for ₹21.50 per share, resulting in an exceptional profit of ₹4,593.00 crore.

Furthermore, SBI increased its shareholding in SBI General Insurance Company to 73.89%. The bank also divested its entire 14.96% stake in Jio Payments Bank.

Outlook

SBI's quarterly results demonstrate its ability to maintain profitability. The capital raise and strategic divestments position the bank for potential growth in the coming quarters.

As India's largest public sector bank, SBI's performance may have implications for the banking sector and could reflect ongoing trends in the Indian economy.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.83%	+2.94%	+9.56%	+21.22%	+15.39%	+362.61%

State Bank of India (SBI), India's largest public sector bank, is set to reveal its quarterly financial results on November 4. The announcement will take place during a Central Board meeting in Mumbai, followed by an investor and analyst interaction.

Key Points

Event	Details
Results Announcement	November 4
Investor Interaction	5:15 PM, November 4
Trading Window	Closed from October 1 until 48 hours post-results
Live Webcast	Available online

Q2 Results Preview

Analysts expect SBI to report mixed quarterly results:

Metric	Projection
Profit After Tax	₹17,700-18,800 crore (2-17% YoY decline)
Net Interest Income	Flat to 2.7% YoY decline
Net Interest Margins	2.6-2.8% (29-32 bps YoY contraction)
Pre-Provision Operating Profit	3-12% YoY decline
Loan Growth	11.7-12% YoY
Deposit Growth	9-9.6% YoY
Credit Costs	0.4-0.5%

The expected decline in profit is attributed to rising funding costs and margin compression. Net Interest Margins are projected to contract due to higher deposit costs and slower loan yield transmission. However, loan growth remains strong, driven by retail and corporate segments.

Previous Quarter Performance

SBI's performance in the previous quarter showed mixed results:

Metric	Value (₹ crore)	YoY Change
Net Profit	19,160.00	+12.48%
Net Interest Income	41,072.00	-0.13%
Gross Advances	42,54,000.00	+11.61%

Recent Stock Performance

SBI's stock has shown positive momentum recently:

1.52% gain over the last five trading sessions
Reached a 52-week high of ₹948.70 on November 3

Investors and analysts will be keenly watching SBI's Q2 results, particularly in light of the expected decline in profitability and the slight decline in net interest income observed in the previous quarter. The upcoming announcement will provide insights into the bank's performance amidst the current economic landscape.

The closure of the trading window for designated persons, which began on October 1, is a standard compliance measure to prevent insider trading ahead of significant financial disclosures.

Stakeholders interested in a deeper dive into SBI's financial performance can join the live webcast of the investor and analyst interaction scheduled for 5:15 PM on the day of the results announcement.